Private Equity Funds Dataset

Preqin on funds (size, crossborder within EU) and fundmanagers and Worldbank on GDP of the memberstates.Merged in Stata on Fundmanagers as common identifier (N=1.630). Independent variable is the implementation of AIMFD in 2013; Dependent variables are PE capital supply (fundsizes) and PE crossborder deals. Control variables: PE firm age and PE experience, and GDP. OLS regression measuring continuous effect size from AIMFD on Fundsize and Binary logistic regression measuring AIMFD effect on cross-border activity.. The outcomes were correlated with the contractual relationships between institutional investors and PE fundmanagers.

本数据集整合两类核心数据源：一是Preqin收录的欧盟境内跨境私募股权（Private Equity, PE）基金（含基金规模）与基金管理人数据，二是世界银行发布的成员国国内生产总值（GDP）数据。研究以Stata统计软件为工具，以基金管理人作为共同识别符完成数据合并，最终有效样本量为1630（N=1630）。本研究的自变量为2013年另类投资基金经理指令（Alternative Investment Fund Managers Directive, AIMFD）的实施；因变量包含两项：一是私募股权资本供给水平（以基金规模衡量），二是私募股权跨境交易活动。控制变量设置为私募股权机构存续年限、私募股权从业经验以及成员国GDP。分析阶段采用普通最小二乘（Ordinary Least Squares, OLS）回归测算AIMFD对基金规模的连续效应大小，采用二元逻辑回归分析AIMFD对跨境交易活动的影响效应。最后，本研究将上述回归结果与机构投资者和私募股权基金管理人之间的契约关系进行关联分析。